DISE: Implementation, Challenges & Practical Considerations Self-Study Webinar
Overview
The FASB's disaggregation of income statement expenses (DISE) requirements introduce new disclosure expectations that may significantly affect financial reporting processes, data collection, systems, internal controls, and cross-functional coordination. This self-study webinar provides a practical overview of the DISE framework, including acceptable methods for disaggregation, required disclosure categories, and key implementation considerations. Participants will gain insight into:
- Acceptable approaches for disaggregating income statement expenses and selecting appropriate reporting bases
- Required disclosure categories and integration with existing GAAP reporting requirements
- Practical implementation challenges, organizational impacts, and strategies for preparing for compliance
Objective
To provide CPAs and other finance professionals with a practical understanding of the FASB’s disaggregation of income statement expenses (DISE) requirements, enabling them to evaluate disclosure approaches, assess implementation considerations, and support effective compliance planning.
DETAILED LEARNING OBJECTIVES
• Identify the scope, purpose, and key provisions of the FASB's Disaggregation of Income Statement Expenses (DISE) standard
• Recognize the required natural expense categories that must be disclosed within relevant expense captions
• Distinguish between the cost-incurred and expense-incurred bases for inventory-related disclosures
• Determine how purchases of inventory and employee compensation are defined for DISE reporting purposes
• Identify disclosure requirements related to depreciation, amortization, depletion, and DD&A expenses
• Understand how existing GAAP disclosure requirements are integrated into the DISE "one-stop-shop" disclosure table
• Explain additional disclosure requirements, including selling expense disclosures and the use of estimates
• Evaluate implementation considerations, transition requirements, and adoption planning activities associated with DISE
Emphasis
- Acceptable bases to disaggregate
- Disaggregation basis selection
– Cost-incurred vs. expense-incurred basis
– Required categories
– Examples of existing GAAP disclosures to be integrated
– Other disclosure requirements - Example disclosures, implementation challenges, and transition planning considerations:
– Broad organizational impact
– Departments impacted
– Implementation strategy
– Anticipated costs
Speakers
Megan Hearn, Audit Partner, Department of Professional Practice
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